NEW YORK (PIX11) – The IRS is sending the public a final reminder to claim refunds for the 2020 tax year.
At least 1 million taxpayers haven’t filed returns for that year, according to the agency.
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It has amounted to roughly $1 billion in unclaimed refunds. New Yorkers account for almost $61 million of those funds, according to the IRS.
The IRS notes there is no penalty for failing to file as long as the filer doesn’t owe money.
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The average median refund for the 2020 tax year is $932. The deadline to claim the refunds is May 17.
To find out how to file a 2020 tax return, click here .
Erin Pflaumer is a digital content producer from Long Island who has covered both local and national news since 2018 . She joined PIX11 in 2023. See more of her work here .
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